Swiss Technology Group

What Swiss Technology Group does

Swiss Technology Group AG (STG) is a privately held precision electronics manufacturer headquartered in Zurich, Switzerland, operating as a holding company that unites two wholly-owned subsidiaries: GS Swiss PCB and the Hofstetter Group. GS Swiss produces ultra-reliable, highly miniaturized HDI flex, rigid-flex, and rigid printed circuit boards for the medical technology sector, with documented applications in implantable neuro-stimulators, hearing aids, electronic pills, endoscopic cameras, surgical robotics components, and medical imaging equipment. The Hofstetter Group, based in Germany, provides Europe's foremost full-service micro circuit coating solutions, offering approximately 20 advanced processes for assembly, connection technology, and final surface treatment.

STG generates revenue primarily through direct B2B sales of hardware (miniaturized PCBs) and professional coating services to medical device OEMs, operating from state-of-the-art facilities in Switzerland and Germany and serving a global client base across surgical robotics, hearing aids, medical imaging, and implants. The company is positioned as a market leader in small to medium production volumes for medical-grade micro circuits, and operates a relationship-driven, sales-led go-to-market motion targeting enterprise medical technology manufacturers. On June 19, 2026, TTM Technologies (NASDAQ:TTMI) announced a definitive agreement to acquire STG, subject to regulatory approvals and expected to close in Q3 2026, which would establish TTM's initial European footprint and integrate STG's precision capabilities into TTM's global manufacturing network.

Name

Swiss Technology Group

Legal name

STG Swiss Technology Group AG

Website

https://swiss-technology-group.com

Company type

Private

Operating status

Operating

Short description

Swiss Technology Group AG is a Zurich-based holding company uniting GS Swiss PCB and the Hofstetter Group to manufacture ultra-miniaturized HDI printed circuit boards and micro circuit coating solutions for medical device OEMs worldwide, subject to a pending acquisition by TTM Technologies.

Ownership category

akta.pro rank

Product category

Medical Device PCB Manufacturing

NAICS

Bare Printed Circuit Board Manufacturing (334412), Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418)

SIC

Printed Circuit Boards (3672)

akta.pro industry

PRIMARYHDAHAOAH

PCB Fabrication (Flex & Rigid-Flex PCBs)

Hardware, Technology & Telecom/Semiconductors & Electronic Components/Connectors, Interconnects & Printed Circuit Boards (PCBs)

SECONDARYHDAHAOAG

PCB Fabrication (Rigid PCBs)

Hardware, Technology & Telecom/Semiconductors & Electronic Components/Connectors, Interconnects & Printed Circuit Boards (PCBs)

SECONDARYHDAHAOAI

PCB Assembly (PCBA/EMS)

Hardware, Technology & Telecom/Semiconductors & Electronic Components/Connectors, Interconnects & Printed Circuit Boards (PCBs)

SECONDARYHDAHAOAK

Printed Electronics & Advanced Substrates (HDI, IC Substrates, Embedded Components)

Hardware, Technology & Telecom/Semiconductors & Electronic Components/Connectors, Interconnects & Printed Circuit Boards (PCBs)

Keywords

• Precision PCB manufacturing
• Medical micro circuits
• HDI printed circuit boards
• Micro circuit coating
• Medical device components

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. PCB Manufacturing: Swiss Technology Group generates revenue through the manufacture and sale of highly miniaturized micro circuits, including HDI flex, rigid-flex, and rigid printed circuit boards for the medical technology sector
2. Micro Circuit Coating Services: The Hofstetter Group provides coating and surface finishing services for micro circuits, offering approximately 20 advanced processes for assembly, connection technology, and final surface treatment

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Swiss Technology Group is a holding entity uniting two operating businesses — GS Swiss PCB and the Hofstetter Group — to manufacture ultra-reliable, highly miniaturized HDI flex, rigid-flex, and rigid printed circuit boards (PCBs) for the medical technology sector and to provide specialized micro circuit coating and surface finishing services through approximately 20 advanced processes. Production runs from state-of-the-art facilities in Switzerland and Germany and primarily serves med-tech OEMs producing implantable neuro-stimulators, hearing aids, surgical robotics, electronic pills, endoscopic cameras, and medical imaging equipment.

Product overview

Swiss Technology Group is a precision manufacturing company that serves as a holding entity uniting two industry leaders: GS Swiss and the Hofstetter Group. GS Swiss specializes in manufacturing ultra-complex, miniaturized HDI micro circuits (flex, rigid-flex, and rigid PCBs) for medical technology applications. The Hofstetter Group provides specialized coating and surface finishing services with approximately 20 advanced processes. Together, they deliver integrated micro circuit solutions for life-saving medical devices and high-tech industries, with facilities operating in Switzerland and Germany.

Differentiator

Problem solved

Functional benefit

Brands

• GS Swiss PCB: Specializes in highly miniaturized micro circuits for medical technology, producing ultra-reliable HDI flex, rigid-flex, and rigid printed circuit boards for critical components such as implantable neuro-stimulators and high-performance medical devices.
• Hofstetter Group

Products and services

• GS Swiss PCB (HDI Flex, Rigid-Flex, and Rigid Printed Circuit Boards) Ultra-reliable HDI flex, rigid-flex, and rigid printed circuit boards manufactured in small to medium production volumes for medical technology OEMs producing implantable neuro-stimulators, hearing aids, electronic pills, endoscopic cameras, surgical robotics components, and medical imaging equipment.
• Hofstetter Group Micro Circuit Coating Solutions Full-service micro circuit coating and surface finishing offering approximately 20 advanced processes for assembly, connection technology, and final surface treatment, primarily for medical technology customers and secondarily for industrial/hightech markets.

Segments2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• TTM TechnologiescoreStrategic or Co-development Partner · 18 June 2026TTM Technologies, a publicly-traded global electronics manufacturer (NASDAQ:TTMI), announced a definitive agreement to acquire Swiss Technology Group AG on June 18, 2026, subject to regulatory approvals. The acquisition is expected to close in Q3 2026 and will establish TTM's initial European footprint. STG will become part of TTM's global manufacturing network, combining STG's precision micro circuit capabilities with TTM's global scale.
• GS SwisscoreStrategic or Co-development PartnerGS Swiss is one of the two industry leaders that form Swiss Technology Group AG. Specializes in highly miniaturized micro circuits designed for the medical technology sector, producing ultra-reliable HDI flex, rigid-flex, and rigid printed circuit boards.
• Hofstetter GroupcoreStrategic or Co-development PartnerThe Hofstetter Group is one of the two industry leaders forming Swiss Technology Group AG. Europe's foremost full-service provider of micro circuit coating solutions, offering approximately 20 advanced processes for assembly, connection technology, and final surface treatment.

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Tripod Technology Corp. Taiwan-listed PCB manufacturer focused on HDI and multilayer boards for networking, automotive, and consumer. Overlapping PCB technology but different end-market emphasis and much larger scale.
• Compeq Electronics: Taiwan-based PCB manufacturer with HDI and multilayer capabilities serving networking and computing OEMs. Adjacent technology overlap but lower exposure to miniaturized medical-grade work.
• Unimicron Technology Corp. Taiwan-based global PCB leader with HDI, rigid-flex, and IC substrate capabilities serving consumer, automotive, and medical. Comparable technology stack but vastly larger scale and broader end-market focus than STG.
• TTM Technologies: NASDAQ-listed global PCB manufacturer with broad end-market exposure (aerospace/defense, automotive, medical, networking). Acquiring STG to establish a European footprint; broader portfolio but overlapping capabilities in HDI and flex PCBs.
• Zhen Ding Technology Holding: Global PCB manufacturer with HDI, rigid-flex, and flex capabilities, primarily serving consumer electronics and mobile. Comparable PCB technology breadth but much higher volume, lower-mix orientation than STG.

Direct peers

• Somacis: Italian PCB fabricator specializing in high-reliability, high-complexity boards for medical, aerospace, and industrial OEMs. Closely aligned with STG on European footprint and high-mix, mission-critical PCB work.
• AT&S Austria Technologie & Systemtechnik: European-headquartered PCB manufacturer with a strong HDI and IC substrate portfolio serving medical, automotive, and industrial customers. Most directly comparable to STG on geography, scale-tier, and HDI technology focus.
• MEIKO Electronics: Japan-based PCB manufacturer with a long-standing focus on HDI, rigid-flex, and medical/automotive-grade boards. Comparable to GS Swiss on miniaturization capabilities and regulated-end-market exposure.
• Micro Systems Technologies (MST): Swiss-based provider of microelectronics packaging and PCB solutions for medical implants and hearing devices. Direct peer on medical-microelectronics specialization, geography, and customer overlap.

Emerging players

• Shennan Circuits: China-based PCB maker expanding into HDI, IC substrates, and advanced packaging for communications, automotive, and medical. Comparable technology trajectory but more cost-competitive positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Swiss Technology Group